The Economic Development Authority of the City of Fredericksburg, Virginia, was established to enhance the economic vitality of the region. The Authority focuses on promoting business development, supporting local enterprises, and attracting investment through various financial and developmental programs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FRKDEV 5.50% 2049-09-01 USDEconomic Development Authority of the City of Fredericksburg Virginia | United States | 2049-09-01 | 5.500 | 5.75 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the Authority has actively issued bonds to finance significant projects, including infrastructure upgrades and revitalization efforts within the city. Notably, the first bond issuance occurred in 2001, aimed at funding affordable housing initiatives, which laid the groundwork for subsequent issuances. Recent data indicates that current yields on the Authority's bonds are competitive with industry averages, reflecting the sound fiscal management and creditworthiness of the organization. Moreover, the Authority's bonds feature a unique tax-exempt status, appealing to retail investors seeking secure investment opportunities within the region.